Remove Closing costs Remove Industrial Remove Inspection contingency
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Earnest Money and House Deposits Explained

Rochester Real Estate

The deposit will then be used as part of the closing costs or down payment when the purchase successfully closes. If you made an offer and then found there were significant structural problems, you would be in trouble without a home inspection contingency. Why Do You Need to Pay a Deposit?

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Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

This certainly is due to the fact that selling a home isn’t a process that is practiced regularly by home owners and also that rules, regulations, and the industry change on a daily basis. Seller concessions allow a home owner to contribute a percentage or dollar amount towards a buyer’s closing costs and/or pre-paid items.

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Are There Disadvantages to the Seller Paying the Buyer’s Closing Costs?

HomeLight

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections.

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Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

With cash, buyers are able to waive common contingencies, making the deal smoother and faster (not to mention sweeter for the seller). However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. Not enough money for closing costs.

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How to navigate the real estate market through seller concessions

Real Trends

Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

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Ask Brian: What Does that Mean? Real Estate Jargon

Realty Biz

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

A great agent also has relationships across the industry. Don’t forget to budget for closing costs. Closing costs are one-time costs that go along with your home purchase, and you pay them on — you guessed it — closing day. Speaking of closing costs, you can ask the seller to pay them.